9M 19 consolidated premium income came in at €25,898m, up 5.4% yoy as reported and 5.7% lfl. The shift in business mix decelerated with Unit-Linked contracts representing 20.5% of the French Savings/Pensions business (vs. 23.1% in 9M 18) and 40.7% at the group level (vs. 42.2% in 9M 18). 9M 19 EBIT reached €2,279m (+5.1% yoy) and net profit stood at €987m (+3.4% yoy). The Solvency II ratio stood at 161%. The recorded performance was in line with estimates.
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Resilience to squeezing interest rates
- Published:
15 Nov 2019 -
Author:
Bassem Neifer -
Pages:
3
9M 19 consolidated premium income came in at €25,898m, up 5.4% yoy as reported and 5.7% lfl. The shift in business mix decelerated with Unit-Linked contracts representing 20.5% of the French Savings/Pensions business (vs. 23.1% in 9M 18) and 40.7% at the group level (vs. 42.2% in 9M 18). 9M 19 EBIT reached €2,279m (+5.1% yoy) and net profit stood at €987m (+3.4% yoy). The Solvency II ratio stood at 161%. The recorded performance was in line with estimates.